http://www.falklands-oil.com/

http://www.rockhopperexploration.co.uk

http://www.argosresources.com/




Rockhopper was established in 2004 with a strategy to invest in and undertake an offshore oil exploration programme in the North Falkland Basin. It was floated on AIM in August 2005. Rockhopper was the first company to make a commercial oil discovery in the Falklands. Today Rockhopper is the largest acreage holder in the North Falkland Basin, with interests in the Greater Mediterranean region.

not particularly Emu, but i am happy to sit with what i hold, and if i happen to be proved right, i shall of course be delighted

As I said in post #958 : "Next RNS will be between 17th & 19th May when drill rig is released. Then RNS with results of lab tests of core samples. Any idea how long lab tests usually take?"
Can anyone answer the question, as news releases are likely to move the sp considerably, imo.

Master thank you for taking time out and posting your thoughts and hope you keep popping over and adding to the thread as I have a lot of respect for your knowledge and analyst over the many years of following you.

I see the last candle was a reversal which usually means the sellers were in charge (people taking profits) so will be keeping a close eye on things as cash there sitting and waiting to buy in on weakness.

Balerboy I hope youre not getting a soft spot for me!!!! I have been selling in drips all day in Desire not because I dont believe they have the best prospect as I do and its early days in a long campaign which I think will be extended.

Desire will not be drilling until September time which means RKH are in the driving seat and I suspect there is a lot more news to come out in the near future and the drilling of Ernest which has a better than 4 in 1 chance to be a successful adding even greater reserves and I suspect possible new partners and new targets drilled at a later stage.

FOGL worth a small punt but totally different geology and it might as well be in Timbuktu 2 as not proven at all.

Rig move I would think Sunday for FOGL and will take 5 to 6 days and I would like to think RKH more news within a week tops a flow test for RKH.EAR IS ON THE GROUNG would like to think after FOGL release the rig if not after Ernest is drilled.makes sense as gives Desire more time to decide where to drill from all the samples taken..then maybe switch big time back into Desire

What i hold in RKH at moment i hold till Ernest drill far to risky buying or selling as news could be any time on a number of factors which are ongoing and can alter the share price in pounds not pennys.

Thats the plan but its changing as the campaign changes

your safe marky....lol

blimey
a proper and reasonable and sensible post for once.what happened to the i want to buy in tomorrow? no matter.its just nice to read above sensible post. .
regards
jkd
edit for buy in read buy more.

As I said, I am expecting this to be classed as 450M recoverable potential.

This will move the 170M = 600p up to being 450M = 1550p per share at a notional 8.5$ per barrel valuation.

You do not want to be out when the official notice comes around, it will be interesting to see how much the "large increase" is - I am expecting 450M barrels recoverable, but lets wait and see.




http://www.ft.com/cms/s/0/33bc9018-5cc0-11df-bd7e-00144feab49a,s01=1.html

Rockhopper Exploration, up more than 400 per cent in the past week, lost 11 per cent to 195p on profit taking. However, late in the session, there was talk the Falklands explorer could announce a large increase in reserves at its Sea Lion prospect next week.

Analysts have been valuing Sea Lion on the assumption that it contains 170m barrels of oil. Desire Petroleum, off 13 per cent at 82p, was also hit by profit taking.

It's also possible that the next news is already priced in....until we have black stuff coming out of the ground and the space ships organised to take it away...IMO...little will change..

.

hey, go and find your own special transport!
actually, you aren't entirely right .... though it is true to say that real value cannot be realised until everything comes on stream, if the underlying value of the reserves is this arbitrary 600p, then i would hazard that at this juncture +/-400p would be fair value - i.e. a discount of about 30%

LOL. only quoting you my friend......

doh! you thought i wouldn't notice?
perhaps dirigibles will suffice in falklands as they can also be used as barrage balloons should the argies get overexcited
anyway, good to see sp recovering nicely, though it's very early in proceedings

RKH will reach 300p very soon

can't spell that one .....space ships will do for me... had to get the dictionary out AGAIN.....how nice it must be to have an education.....lol

Nice bounce.

Should bounce much higher once those results come in from the lab.

you west country boys were only ever good for making cider and raking for the moon

RKH and DES
are doing well today after yesterday's profit taking

Some news maybe not in the thread from UKmedia.............
2010/05/10
Meanwhile, offshore the Falklands at Rockhopper Exploration Ocean Guardian rig, test samples from recent drillings have shown to be oil, suggested a good quality crude oil reservoir. The Wireline testing of 14/10-2 well on the Sea Lion prospect in the North Falkland Basin also indicated a possibility of two separate oil columns with a suggestion of no oil water contacts or water sands.

Rockhopper managing director Samuel Moody commented We will now wait for confirmation of the quality of the fluid as a result of the laboratory analysis, and continue our review of the data gathered from the well." The company is now to suspend the well pending further testing and intends to make a further announcement which could be within a week to ten days.
http://www.ukcitymedia.co.uk/news/fullstory.php?id=313

from the Times

Rockhopper Exploration, up more than 400 per cent in the past week, lost 11 per cent to 195p on profit taking. However, late in the session, there was talk the Falklands explorer could announce a large increase in reserves at its Sea Lion prospect next week.

Analysts have been valuing Sea Lion on the assumption that it contains 170m barrels of oil. Desire Petroleum, off 13 per cent at 82p, was also hit by profit taking.


No idea on what or where, we will have to wait and see what they come back with from the lab and data crunching.

Could be from the same source as the Shell oil, Shell found their sample much deeper and probably on the migration path of the oil to where it is in Sea Lion...we will know more on the next update perhaps.

Liz is rather like Johnson for RKH, no real value on its own. However the more oil and gas that is found the more "viable and relative" it becomes.

FT blog also perpetuating the rumour of the possibility of an upgrade to the reserves figure (poss 400m) & suggesting a price of 800p for RKH stock if that becomes reality.

Harry, yes.

By my workings 450M barrels is 1550p.

Others will discount more, if you took it down to just a 6$ a barrel valuation for 400M barrels you would come up with 914p a share (nominal valuation).

Slap on some further discounting (although why I do not know) but lets do it and yes, the SP here should surge up to 800p levels with ease.

400M (barrels rec) times 6 (dollars per barrel) divide by 1.5 (US/GBP X rate) divide by 175M (shares in issue) = 914p a share.

Loads of upside....... roll on the upgrades !!!!!! Next week.